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E3 Versatile Plastics LLC is a company involved in making plastic jars, trays, toys, etc in the Sultanate of Oman. The company uses all the
E3 Versatile Plastics LLC is a company involved in making plastic jars, trays, toys, etc in the Sultanate of Oman. The company uses all the products available inside the country in the production process except only one imported raw material. Ms. Sabeen is the Chief Executive Officer of the company and Mr. Khan is the accounts officer. The purchases department of the company was headed by Mr. Ibrahim, sales department by Mr.Aamir, production department by Mr. Jabir, finance department by Ms. Alia and human resource department by Ms. Nasibha. Ms. Sabeen decides to introduce budgetary control system in the company and wants to form a committee for the budgeting work and construct an organisation chart for the same. ANSWER THE FOLLOWING QUESTIONS: A. Construct and draw the organisation chart for the budgetary control system to be introduced in Versatile Plastics LLC. (5 Marks) B. Explain clearly the position of each member in the organizational hierarchy and his relationship with other members of the Budget Committee and Justify their role. (3 Marks) C. In this present situation does the company face any limiting factor or principal budget factor which will influence the operations of the company? Explain and justify the principal budget factor that exists in the company. (2 Marks)
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